Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Reserves Limited GLR - TSE -- Ignore unavailable to you. Want to Upgrade?

To: Damon Pham who wrote (252)	1/28/1998 11:24:00 AM
From: Al Lewis	Read Replies (1) \| Respond to of 406

VE Headline News says GLR in hot soup again Wed Jan 21. vheadline.com.ve My browser picked it up as a garbled, unreadable screen - copied it in html and posted it dont know if this will work. Checked after posting the message is messy but the text is there. Regards Al <HTML><HEAD><TITLE>Patrick O'Donoghue in VHeadline/VENews -- Venezuela's Electronic News -- an independent news service in English from and about Venezuela, South America</TITLE></HEAD><BODY BASEFONT SIZE=3 BGCOLOR="ffffff" TEXT="000000" BODY LINK= "#458b00" VLINK="5c3317" ALINK="#ff0000"> <CENTER><A HREF="http://www.vheadline.com.ve/feature.htm"><IMG BORDER=0 SRC ="/vheadline/graf/vhlogo.gif"></A></CENTER><HR> <CENTER><FONT SIZE=+4 COLOR="#EA0000" FACE="CENTURY SCHOOLBOOK">*Gold Reserve (GLR)<BR>in hot soup again...</FONT><BR><FONT SIZE=+1 COLOR="#EA0000" FACE="CENTURY SCHOOLBOOK">Committee demands answers on "dubious legalities"</FONT></CENTER> <CENTER>-- report by VHeadline/VENews c correspondent Patrick J. O'Donoghue --</CENTER><P> VHeadline/VENews:Wednesday, January 21, 1998 -- Venezuela's House of Representatives Energy & Mines Committee* president, Bernardo Alvarez, wants the Ministry of Mines & Energy (MEM) to explain a mining concession inside the confines of the Imataca Rainforest Reserve, granted to the Gold Reserve Corporation (GLR) subsiduary, Aurifera Brisas del Cuyuni C.A. "The government will have to clear this one up! The way the authorization was granted ... there's definitely something fishy about the company's (aborted) petition to the Supreme Court of Justice (CSJ)."<UL><P> <LI> According to Alvarez the Brisas del Cuyuni company approached the CSJ on November 4 (1997) requesting a clarification on a cautionary measure prohibiting new concessions in Imataca Rainforest Reserve -- urging that an exception be made in their case. On December 2, just one day before the MEM issued a resolution (No.452) in their favor, the company withdrew its application from the CSJ.<P> <LI> According to MEM sources, the decision to grant the company a concession doesn't contradict their (MEM) regulations because, it claims, the mining area is "protected under Decree 1046" ... but Alvarez asks why the company withdrew its case from CSJ at the last moment ... "why the sudden hurry after a three year wait?"</UL><P> Gold Reserve Corporation directors, Douglas Belanger and Rockne J. Timm, have refused to discuss their subsiduary's legal difficulties in Venezuela.<P> <FONT SIZE=4 COLOR="#E21021">Congressman Bernardo Alvarez says "I've no problem with the company itself, but this particular case clearly shows there's a parallel legality at work ... there is more than just one norm governing the Imataca Rainforest Reserve ... and this hasn't been solved by the government by a long chalk."</FONT><P><HR><CENTER><FONT SIZE=3>You may email Patrick J. O'Donoghue at <A HREF="MAILTO:Patrick.O'Donoghue@VHeadline.com.ve">MAILTO:Patrick.O'Donoghue@VHeadline.com.ve</A></FONT><BR><A HREF="/vheadline/News/zzzzz.htm"><IMG BORDER=0 SRC="/vheadline/graf/2birds.gif" WIDTH=600 HEIGHT=47></A><BR><A HREF="/vheadline/News/zzzzz.htm"><IMG BORDER=0 SRC="/vheadline/graf/sponsor.gif" WIDTH=415 HEIGHT=55></A></CENTER> <HR><CENTER><A HREF="http://www.vheadline.com.ve/vheadline/News/menu.htm">News Index</A><FONT SIZE=4 COLOR="#FFFFFF">****</FONT><A HREF="http://www.vheadline.com.ve">Page One</A><FONT SIZE=4 COLOR="#FFFFFF">**</FONT><A HREF="http://www.vheadline.com.ve/feature.htm">Special Features</A><FONT SIZE=4 COLOR="#FFFFFF">**</FONT><A HREF="http://www.vheadline.com.ve/Archive/">Archives</A> <HR>You may email the News Desk at VHeadline/VENews :<BR><A HREF="MAILTO:News.Desk@VHeadline.com.ve">News.Desk@VHeadline.com.ve</A> or telephone Caracas 00 58/2-283.2758<P><A HREF="http://www.benedict.com/">Copyright c 1998</A> by Patrick J. O'Donoghue / <FONT SIZE=4 COLOR="#EA0000">VHeadline/VENews</FONT><BR><FONT SIZE=2 COLOR="#040F91">All Rights Reserved</FONT><P>Reserved permission to republish must be sought direct from the author of this article<BR>or requested from VHeadline Syndication by email to: <A HREF="MAILTO:Syndication@VHeadline.com.ve">Syndication@VHeadline.com.ve**</A><HR> </CENTER> </FONT> </BODY> </HTML>